Chinese satellite service companies are planning to form an alliance to expand their share of an increasingly competitive global market.
Chinese government is not expected to take any steps to boost housing market in which a dip of 0.32 percent in May marked the first month-on-month drop since June 2012.
Growth in China's manufacturing sector continued to accelerate in May, rising to the highest level this year and adding to signs of a stabilizing economy.
News came as an endorsement for London's efforts to become an offshore yuan center. Other European financial centers in the race to become a yuan center include Frankfurt, Paris, and Switzerland.
The central government will not shift its policy direction amid the economic slowdown, but will intensify targeted financial easing in coming months.
Fast fashion brands have quickly emerged to woo Chinese consumers who are interested in style and fashion at affordable prices.
China Resources Enterprise Ltd announced the joint venture agreement with Britain's biggest supermarket chain, Tesco Plc, has been approved.
Nearly half of European businesses fear their "golden times" in China are over, particularly for large firms with more than 1,000 employees and veteran companies with more than five years in the country.
China's industrial profit gains in April slowed, dragged down by a slump in the electronics, power and wine industries. Experts say May figures are likely to be better, with vehicle sector standing out.
Chinese consumers are accustomed to all types of government measures to restrain rising home prices. Now it's time for a probable turnaround.
International luxury brands are shying away from being associated only with the super rich in an effort to conform to a Chinese market being affected by the central government's austerity drive.
Chinese consumers' confidence stayed high in the first quarter even as the economy slowed, The Nielsen Co said on Tuesday.
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